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ceiling to deficit reduction deals. it serves as reminder how much the government has borrowed. senate minority leader mitch mcconnell writes, over the past three decades in fact u.s. presidents and lawmakers from both parties routinely used the debt limit debate to reform government spending. washington democrats under pressure from their favored interest groups continue to adhere to an outdated ideology that says every penny of revenue washington ever got its hands on is sacrosanct. house republicans are enroute to williamsburg, virginia for their retreat. they will consider the options for the upcoming debt ceiling fight. short term increase with modest spending cuts to a 4-year increase including overhaul of the tax code and entitlement programs. back to you. tracy: sound ambitious. rich edson, glad you could stick around and talk to us. we're 29 days away from the debt ceiling d-day. ashley: we are. tracy: will be valentine's day actually. ashley: not pretty though. as you just said, tracy, less than a month away f
ceiling to deficit reduction deals. it serves as reminder how much the government has borrowed. senate minority leader mitch mcconnell writes, over the past three decades in fact u.s. presidents and lawmakers from both parties routinely used the debt limit debate to reform government spending. washington democrats under pressure from their favored interest groups continue to adhere to an outdated ideology that says every penny of revenue washington ever got its hands on is sacrosanct. house...
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Jan 16, 2013
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we want to make certain, especially dealing with this debt ceiling, we do it in a fiscally responsible manner. >> would you be willing given your point of view overall in borrowing money that if kansas pays in a dollar, gets $1 back so 12 cents of every dollar, assume for a moment that number is right, this is the tax foundation number, that you would give that back, kansas would get a whole lot less from the federal government right now, would you sign on to that? >> well, i don't agree with those numbers. we got a whole tax code that actually helps states like new york that have higher taxes because they can take that off their federal income taxes. that has to be part of that as well. but i think we need to do -- certainly helping those in need is probably something we should be doing but if you're not going to spend 80% of the dollars for two years, what's the rush? let's get to the direct needs right now and that's what i think's important. that's why i offered transparency amendment that said let's go see where this money is going. that went on there. i think that's important. fe
we want to make certain, especially dealing with this debt ceiling, we do it in a fiscally responsible manner. >> would you be willing given your point of view overall in borrowing money that if kansas pays in a dollar, gets $1 back so 12 cents of every dollar, assume for a moment that number is right, this is the tax foundation number, that you would give that back, kansas would get a whole lot less from the federal government right now, would you sign on to that? >> well, i don't...
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Jan 16, 2013
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so why strike a deal on the debt ceiling when you can just eliminate it? they push from democrats in washington. dennis: a man charged with stealing $400,000 in copy toner. lori and tracy are up next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems
so why strike a deal on the debt ceiling when you can just eliminate it? they push from democrats in washington. dennis: a man charged with stealing $400,000 in copy toner. lori and tracy are up next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women,...
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Jan 16, 2013
01/13
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that we did, were those occurring at the same time as debt ceiling raises? >> they all do. >> we've heard that that -- i'm not going to accept that, not going to do it, not the way it's done. we're not a banana republic. how many can you recall, deficit deals were affected? it's something that's done, is it not? >> standard operating procedure. we all learned about the power of the purse of democracy. back then, it used to be taxes because they couldn't borrow. now, you can borrow. taxes aren't the only strains what government can spend. the parliament and congress has to be able to control the borrowing level. that's government 101. >> is zit in g-- dis in geingeny we've already been to the restaurant and trying to stiff the bill? it wasn't the $800 stimulus or any of the things the president's done, it's congress? >> first, you're raising debt limits to cover future spending. fact one is the money hasn't been spent yet. that's not true. >> it's sort of disassembling. >> that's a good word for it. the second fact is congress hasn't approved the money. no co
that we did, were those occurring at the same time as debt ceiling raises? >> they all do. >> we've heard that that -- i'm not going to accept that, not going to do it, not the way it's done. we're not a banana republic. how many can you recall, deficit deals were affected? it's something that's done, is it not? >> standard operating procedure. we all learned about the power of the purse of democracy. back then, it used to be taxes because they couldn't borrow. now, you can...
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Jan 16, 2013
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gohmert: so we had a debt ceiling bill that was undermined from the beginning, no deal was reached, sequestration, massive cuts to our national security, our national defense. would be inflicted. and massive cuts to medicare. our leaders responded to me that , gee, the democrats will never allow the cuts to medicare, the sequestration to medicare, $300 billion or so, they'll never allow that. that's why we know the supercommittee will reach an agreement. i advised them that that would not happen. there would be no agreement. of course they're willing to have $300 billion or so cut to medicare because obamacare cut $00 billion from medicare, from our seniors' care, without a single republican vote. so the only way the democrats could run a commercial last year, 2012 with any sincerity at all saying, gee, republicans are cutting medicare, would be if they prevent republicans from reaching agreement with the president, democrats, and then they'll run in in commercials in 2012 and blame republicans and say, see, they didn't reach an agreement. they wanted to cut seniors and help their rich friends. a
gohmert: so we had a debt ceiling bill that was undermined from the beginning, no deal was reached, sequestration, massive cuts to our national security, our national defense. would be inflicted. and massive cuts to medicare. our leaders responded to me that , gee, the democrats will never allow the cuts to medicare, the sequestration to medicare, $300 billion or so, they'll never allow that. that's why we know the supercommittee will reach an agreement. i advised them that that would not...
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Jan 16, 2013
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really is story is about growth just like with our debt ceiling. it's not about how you go about the messiness to fix it. it really should be about the debt ceiling itself. i'm sure the germans are particular. they had a good 2012. i expect these numbers to go up a bit. i look at german manufacturers like mercedes benz, vovolkswage. japanese exporters like nissan, toyota. i think the battlefield first and foremost is going to be on the war side on the export side. remember, japan achbd germany, the percentive of their exporting that figures into their total economy is so much larger, for example, than the u.s. our numbers are reasonable and our growth is substantial. we went from 1 trillion to basically 1.5 trillion. the point is they are great trades out there. the traders op these floor now have more spread on currency cross charts in their folios to get ready to strat jaegize. there's a lot of hedging. this is something to watch. when the 2012 figures come out we are going to look at them apd we're going to try to gauge exactly how much of a for
really is story is about growth just like with our debt ceiling. it's not about how you go about the messiness to fix it. it really should be about the debt ceiling itself. i'm sure the germans are particular. they had a good 2012. i expect these numbers to go up a bit. i look at german manufacturers like mercedes benz, vovolkswage. japanese exporters like nissan, toyota. i think the battlefield first and foremost is going to be on the war side on the export side. remember, japan achbd germany,...